Equinor and the Snorre and Gullfaks partners have made a final investment decision (FID) for the Hywind Tampen offshore wind farm development and will submit updated plans for development and operation to Norwegian authorities.The oil and gas…
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants…
Fance's Total SA, the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for November 6 of the so-called Transfer of Rights area in Brazil's pre-salt region.The company's chief executive officer…
Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find.Minister…
Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a 'transfer of rights' (TOR) area off the country's southeastern coast.The government expects to raise 106 billion reais ($25…
New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…
BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.Combined, the minimum…
Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…
The global oil and gas industry can save as much as $100 billion through automation and digitalization in the 2020s, energy research firm Rystad Energy said.'As much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s…
Production has commenced from the giant Johan Sverdrup field in the Norwegian North Sea, operator Equinor announced on Saturday.The largest development in Norway for three decades, the mega project has started up more than two months ahead of and NOK 40 billion ($4…
Panoro Energy reported drilling results in the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit, offshore Gabon, “have significantly exceeded expectations” the company's CEO John Hamilton said.Panoro and operator BW Energy estimate…
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy.BP on Friday appointed Looney…
Mexican President Andres Manuel Lopez Obrador said on Thursday that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy.Reuters reported earlier this week that Mexico's national oil company…
Japan's Inpex Corp, Sojitz Corp and Japan Oil, Gas and Minerals National Corp (JOGMEC) said on Thursday they exited the Frade oil field in Brazil by selling their stakes to partner PetroRio S.A.The three entities, which owned an 18.3% stake in the oil field through a joint venture…
Dolphin Drilling sad it has secured a contract with AS Norske Shell in Norway for its Borgland Dolphin semi-submersible drilling rig to support the drilling and completion of a gas producer well on the Knarr field starting in early 2020.The…
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